Few seem convinced about the Euro-zone escaping further repercussions. Even leaders and policy makers disagree on ‘the positive actions’ to be taken. Greece, technically, could be the smallest of all of the European economies problems, as other members begin to impose their own self-austerity plans. ‘Loose lips’ yesterday by the Greek’s PM has investors questioning the value of the EUR. The market needs a distraction, and seems to be shifting towards the Yuan ‘potential’ revalue. The Governor of the PBOC [...] read more
China speculation takes heat off Greece
Bank of Japan
The Bank of Japan was established in 1882 as the nation's central bank under the Bank of Japan Act. It was reorganized during wartime ("The Act of 1942") so that "the general economic activities of the nation might adequately be enhanced." The Act of 1942 was amended several times after World War II, including a change in 1949 to establish the Policy Board as the Bank's highest decision-making body.
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